News Archive - July 2017

30 July 2017 - ICL signed potash supply contracts to China for $ 213 million. The Israeli fertilizer manufacturer will supply 927,000 tons of potash in 2017; The prices of contracts signed reflect a price of $ 230 per ton, up 5% from 2016. Full article

25 July 2017 - Digital market analytics firm SimilarWeb raises $47m. SimilarWeb, whose platform helps companies better track the performance of their websites and mobile apps, said it raised $47 million in fundraising led by Viola Growth with participation from  Saban Ventures and CE Ventures. With this round SimilarWeb has raised a total of $112m. Full article

23 July 2017 - Israeli startups to vie for spot in China roadshow. Forty Israeli startups from the information communication technology (ICT) and life sciences sectors will compete at a July 31 conference in Jerusalem for the chance to fly to China in November to meet with investors and companies there. Full article

20 July 2017Camtek announces agreement for sale of its PCB business for $35m. An affiliate of Principle Capital (谱润投资), a Shanghai-based private-equity fund, will purchase Camtek's PCB business for $35 million, with $32 million paid in cash upon closing. Full article

18 July 2017 - C-Bridge closes its 2nd healthcare fund at $400M. Both funds seek growth-stage investment opportunities in developmental or commercial stage companies in biotech, pharma, medical devices and mobile health care, especially hepatitis B and lung cancer treatment. A subsidiary of Island Capital Group, C-Bridge focuses on China/US/Israel transactions. Its fund I-Bridge formed a China-focused JV last year with Israeli BioLineRx. Full article

17 July 2017 - Stroke treatment co Rapid Medical raises $9m. The Series B financing round was led by Israel's BRM Group and China's Shanghai-Israel Investment Fund with the participation of Winnovation Capital and Gefen Capital. The funding will support regulatory clearance in the US as well as advancing European commercialization of two particular devices. Full article

14 July 2017 - First Israeli accelerator program lands in China. The accelerator program will last six months and bring 10 in promising startups from Israel to China. The Israel Global Accelerator Program signed an agreement with Day Day Up, a Beijing-based co-working space company, and Shengjing Group. Full article

11 July 2017 - Innonation and the Chinese Government establish free accelerators for Israeli enterprises. The accelerators will not charge or take holdings in Israeli start-ups. They will provide consulting, manpower, advanced work spaces, media services and connection to an incubator that will enable them to develop and market products so they can penetrate and integrate into the Chinese market. Full article (in Hebrew)

10 July 2017 - Adama CEO: "Despite Chinese ownership, we are treated as a global Israeli company." As XIO Group continues trying to get approval for the acquisition of Meitav Dash, Adama CEO Chen Lichtenstein commented on the unchanged nature of his company's business culture despite ownership by the Chinese central government. Full article (in Hebrew)

10 July 2017 - Tourism to Israel up 28% in June. The biggest increase was a 76% rise in tourism from China. Full article

10 July 2017 - Managers of China's visit Israel. They spent most of their time studying innovation and entrepreneurship with the Dean of Executive and Continuing Education at Herzliya Interdisciplinary Center, Taly Eichenwald-Dvir, who said, "The company is very interested in Israel and in Israeli innovation, among other things as part of a search for innovative technologies and new development directions." Full article

5 July 2017 - Infinity expects over $2 billion in investment following its Innonation conference. In its third edition, the conference has become a leading platform for strengthening and expanding trade ties between Israel and China. Reportedly, more than 120 Israeli start-ups met with about 5,000 investors, government officials and strategic Chinese players. Full article (in Hebrew)

5 July 2017 - Israeli high-tech exits hit 5-year low. According to the Exits Report published today by IVC and law firm Meitar Liquornik Geva Leshem Tal, Midea's $170 million acquisition of Servotronix was in the top three deals of the first half of this year. A partner from Meitar said that Chinese regulatory changes among other global changes partially explain the slowdown. Full article

4 July 2017 - Automotive plastics maker Raval expands in China. The company announced it has signed framework agreements worth €74 million with three automakers in China, following the trend of China's regulatory changes around air pollution. Full article (in Hebrew)

2 July 2017 - Visonic Plant closing; production to be moved to China. Controlling company Johnson Controls announced the plant will be shut down by the end of 2Q2018 and will maintain a development center in Tel Aviv. Full article (in Hebrew)

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